Hyaluronic Acid Personal Care Products Market Expected to Reach USD 7.36 Billion by 2033 at a 8.5% of CAGR, Driven by Rising Demand for Anti-Aging Solutions

Hyaluronic Acid Personal Care Products Market

The global hyaluronic acid personal care products market is on track for impressive growth, with projections estimating it will reach USD 7.36 billion by 2033, up from USD 3.26 billion in 2023. This represents a compound annual growth rate (CAGR) of 8.5% over the forecast period, reflecting the increasing consumer demand for effective anti-aging solutions.

The growing concern regarding the visible effects of aging among the population is a significant driver of this market’s expansion. Hyaluronic acid, renowned for its hydrating and skin-replenishing properties, is increasingly being incorporated into a wide range of personal care products, including creams, serums, and masks.

Key Market Drivers:

• Rising Anti-Aging Concerns: With an increasing focus on appearance, especially among aging consumers, there is a growing demand for personal care products that can enhance skin health and mitigate the signs of aging. Hyaluronic acid is particularly favored for its ability to retain moisture and improve skin elasticity.
• Accessibility of Products: The convenience of purchasing hyaluronic acid personal care products through various channels, including online platforms, beauty salons, pharmacies, supermarkets, and specialty stores, is facilitating market growth. The ease of access, without the need for prescriptions, further encourages consumer adoption.
• Increased Consumer Awareness: As consumers become more knowledgeable about skincare ingredients and their benefits, the popularity of hyaluronic acid products is surging, leading to increased sales and market expansion.

Regional Insights: North America is expected to dominate the hyaluronic acid personal care products market, driven by a strong presence of key players and high consumer awareness regarding skincare. Europe is also projected to hold a significant share, while the Asia-Pacific region is anticipated to witness rapid growth due to rising disposable incomes and an expanding middle class that is increasingly investing in personal care.

Market Outlook: As the trend toward maintaining youthful skin continues to grow, the hyaluronic acid personal care products market is well-positioned for sustained growth over the next decade. The combination of effective product formulations, increased accessibility, and heightened consumer awareness is expected to drive market expansion through 2033.

Competitive Landscape

Since several domestic and international manufacturers are present in the market, and they are constantly investing in research & development, the market is highly fragmented. To compete in the market and capture more consumers, companies use product innovations, new formulations, and collaborations with celebrities and social media influencers

• Shiseido Co., Ltd.
• CeraVe
• L’oréal Paris
• La Roche Posay
• Johnson & Johnson Consumer Inc. (Neutragena)
• SkinCeuticals
• The Ordinary (Deceim Beauty Group, Inc.)
• Heraux (Carthronix)
• Innisfree (Amorepacific US, Inc.)
• Saro De Rúe
• Beautiful Korea

Recent Development

• In January 2021, Saro de Rúe introduced the Freeze-Dried Hyaluronic Acid System, an anti-aging system that offers clinically proven benefits for the skin.
• A global science-based company focused on nutrition, health, and sustainability, Royal DSM launched three forms of hyaluronic acid in March 2021. These are HYA-ACT Medium Molecular Weight (MW 1.0-1.3 MDa), which strengthens the protective barrier of the skin and enhances skin hydration. HYA-ACT S Small Molecular Weight (MW 200-400 kDa) locks in moisture for an even greater hydration boost and calms reddened skin, while HYA-ACT XS Very Small Molecular Weight (MW 37-56 kDa) pumps out fine lines and wrinkles.
• The pharmaceutical R&D company, Seikagaku Corporation, based in Japan, announced in February 2020 that it had acquired Dalton Chemical Laboratories Inc, a Canadian drug manufacturer. As a result of this acquisition, Seikagaku will be able to expand its R&D operations and strengthen its market position.

A Full Report Overview

Key Companies Profiled

Shiseido Co.,
Ltd.; CeraVe;
L’oréal Paris;
La Roche Posay;
Johnson & Johnson Consumer Inc. (Neutragena);
SkinCeuticals;
The Ordinary (Deceim Beauty Group, Inc.);
Heraux (Carthronix);
Innisfree (Amorepacific US, Inc.);
Saro De Rúe;
Beautiful Korea

By Category

By Product:

• Skin Creams
• Skin Lotions
• Toner
• Serum
• Moisturize

By Price:

• High/Premium
• Medium
• Low

By Application:

• Dermal Fillers
• Ophthalmic

By Distribution Channel:

• Supermarket/Hypermarket
• Specialty Stores
• Company Owned Websites
• Online Retailing

By Region:

• North America
• Latin America
• Europe
• The Middle East and Africa
• East Asia

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Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.

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